Waaree Energies Shares Drop Nearly 9% as Lock-In Period Ends for Major Stake

On April 25, 2025, Waaree Energies share price witnessed continued pressure, trading at ₹2,736.90 down ₹103 or 3.63% at 9:45 AM on the NSE from the previous close of ₹2,839.90.

The stock opened significantly lower at ₹2,625, reflecting cautious market sentiment, and touched an intraday low of around 9% to ₹2,590.20 before recovering slightly.

The decline comes as the lock-in period for nearly 15 crore shares expired, making them eligible for trading. These shares represent around 53% of the company’s total equity.

The company’s market cap currently stands at ₹81,601 crore.

Strong Q4 FY25 Performance

Despite the market volatility, Waaree Energies posted impressive results for the fourth quarter of FY25:

  • Net Profit rose by 34.1% YoY to ₹618.9 crore, up from ₹461.5 crore in Q4 FY24.
  • Revenue from Operations increased by 36.4% YoY to ₹4,003.9 crore.
  • EBITDA more than doubled to ₹922.6 crore, a 120.6% jump from ₹418.3 crore.
  • EBITDA Margins improved significantly from 14.3% to 23%.

The company also scaled its production capacity significantly. In Q4 alone, Waaree produced 2.06 GW of solar modules, compared to 1.35 GW in the same quarter last year. For the full fiscal year, module output reached 7.13 GW, up from 4.77 GW in FY24.

Full-Year Financials Reflect Robust Growth

For the full year FY25:

  • Revenue climbed by 27.62% YoY to ₹14,846.06 crore.
  • Profit After Tax (PAT) more than doubled, growing 107.08% to ₹1,932.15 crore.

Read More: These Mid and Small Cap Shares to Trade Ex-Date on April 25: Do You Own Any?

Conclusion

Waaree Energies has delivered strong financial performance in FY25, with significant increases in net profit, revenue, and production capacity. However, the expiration of the lock-in period for a substantial portion of the company’s shares has led to a sharp drop in its stock price.

Meanwhile, the company’s solid quarterly and full-year results reflect a positive growth trajectory. Investors are encouraged to stay informed and assess the ongoing developments carefully before making any decisions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Adani Energy Shares in Focus Q4 FY25 Profits Soar 79% YoY – What’s Driving the Growth?

Adani Energy Solutions share price witnessed a modest uptick in its stock price, trading at ₹975.45 up by ₹13.75 or 1.43% at 9:20 AM on the NSE from its previous close of ₹961.70. The stock opened strong at ₹978.00 and touched an intraday high of ₹978.95 before dipping to a low of ₹964.

Strong Q4 FY25 Performance

Adani Energy Solutions is making headlines after reporting an impressive 79% year-on-year (YoY) surge in net profit for the March 2024 quarter.

The company posted a consolidated net profit of ₹647 crore, significantly up from ₹361 crore in the same period last year. This strong performance has put its shares firmly in the spotlight.

Revenue from operations jumped 35% YoY to ₹6,375 crore. The company also saw a major boost in its operational efficiency, with EBITDA climbing to ₹2,250 crore from ₹1,566 crore YoY. EBITDA margins improved as well, reaching 35.31%.

Segment-wise performance

  • Transmission Business: Revenue increased to ₹2,247 crore (vs. ₹1,647 crore YoY).
  • Distribution Business: Revenue rose to ₹2,907 crore from ₹2,395 crore YoY.
  • Trading Segment: A standout performer, with revenue more than tripling to ₹378 crore (from ₹114 crore YoY).

Read More: Do Adani Stocks Not Give Dividends? Check Out Adani Group’s Dividend History.

Adani Energy Reports Record EBITDA in FY25

In its press release, Adani Energy Solutions announced a 23% rise in EBITDA for FY25, reaching an all-time high of ₹7,746 crore. This growth was fuelled by robust revenue gains in the transmission segment, steady EBITDA expansion in its Mumbai utility operations driven by a 13% YoY increase in its regulated asset base and increased treasury income.

Commenting on the results, CEO Kandarp Patel highlighted the company’s strong execution capabilities and financial discipline, stating, “AESL has showcased strong operational and financial performance in FY25, excelling in complex project delivery and competitive bidding. As we move into the new fiscal year, our priorities remain on scaling up project execution, boosting smart meter installations, and enhancing efficiency across all business verticals.”

Conclusion

Adani Energy Solutions’ strong Q4 FY25 results reflect solid operational execution and consistent growth across its core business segments. The company’s ability to scale its operations, manage complex projects, and maintain financial discipline has contributed to its improved performance metrics.

While the numbers underscore its current financial health, investors and stakeholders are encouraged to follow the company’s developments and performance updates to stay informed.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Top Gainers and Losers on April 24, 2025: Divi’s Labs Leads, Macrotech Developers Slides

Indian equity markets ended in the red on Thursday, April 24, 2025, snapping the recent rally. Profit booking in key sectors led to a decline in benchmark indices.

The BSE Sensex fell by 315.06 points (0.39%) to close at 79,801.43, while the NSE Nifty 50 slipped 82.25 points (0.34%) to settle at 24,246.70.

Here are the top gainers and losers of the day:

Top Gainers of the Day

Symbol Open High Low Prev. Close LTP %chng
DIVISLAB 5,982.50 6,308.50 5,953.50 5,924.50 6,224.50 5.06%
ADANIENSOL 940 971.7 935 938.8 963 2.58%
ADANIGREEN 956.9 974 948.75 952.5 971.45 1.99%
ZYDUSLIFE 868 887.25 861.5 868 880 1.38%
NAUKRI 7,080.00 7,231.50 7,031.50 7,085.50 7,170.00 1.19%

1. Divi’s Labs

Divi’s Labs led the day’s gainers with a strong 5.06% surge, closing at ₹6,224.50. The stock saw an intraday high of ₹6,308.50 and a low of ₹5,953.50.

2. Adani Energy Solutions

Adani Energy Solutions ended the session 2.58% higher at ₹963.00. It traded between a low of ₹935.00 and a high of ₹971.70.

3. Adani Green

Adani Green advanced 1.99%, settling at ₹971.45. The stock moved in a range of ₹948.75 to ₹974.

4. Zydus Lifesciences

Zydus Lifesciences posted a 1.38% gain to close at ₹880. During the day, it touched a high of ₹887.25 and a low of ₹861.50

5. Naukri (Info Edge)

Naukri (Info Edge) rose 1.19% to finish at ₹7,170. The stock opened strong and moved between ₹7,031.50 and ₹7,231.50 during the session.

Top Losers of the Day

Symbol Open High Low Prev. Close LTP %chng
LODHA 1,379.90 1,380.30 1,307.30 1,366.40 1,322.00 -3.25%
VBL 550.85 553.2 531 549.15 532.9 -2.96%
SWIGGY 344.25 351.45 339.3 348.05 340 -2.31%
CGPOWER 660.5 663.15 641.95 660.15 647 -1.99%
BRITANNIA 5,550.00 5,622.70 5,427.70 5,544.30 5,451.30 -1.68%

1. Macrotech Developers

Macrotech Developers (NSE: Lodha) was the top loser of the day, falling 3.25% to close at ₹1,322.00. The stock traded between a high of ₹1,380.30 and a low of ₹1,307.30.

2. Varun Beverages (VBL)

Varun Beverages (VBL) declined 2.96% to settle at ₹532.90. It saw an intraday high of ₹553.20 and a low of ₹531.

3. Swiggy

Swiggy ended the day 2.31% lower at ₹340.00. The stock moved within a range of ₹339.30 to ₹351.45.

4. CG Power

CG Power dipped 1.99%, closing at ₹647 after touching a high of ₹663.15 and a low of ₹641.95 during the session.

5. Britannia Industries

Britannia Industries slipped 1.68% to ₹5,451.30. It recorded a high of ₹5,622.70 and a low of ₹5,427.70 through the day.

Conclusion

Despite the recent upward momentum in the markets, April 24, 2025, saw a pause in the rally as key indices slipped due to profit booking across sectors. While stocks like Divi’s Labs and Adani Group companies provided some support, declines in Macrotech Developers, Varun Beverages, and Britannia weighed on overall sentiment. 

Investors remain cautious amid mixed corporate earnings and global cues, watching closely for signals that could influence near-term market direction.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their ownresearch and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Is Employee Contribution to PF Taxable Under the New Tax Regime in FY26?

The Employees’ Provident Fund (EPF) has long been one of the most popular and trusted retirement savings schemes in India, offering both security and tax advantages.

Traditionally, contributions to EPF, both from the employee and the employer, were eligible for various tax exemptions and deductions under the old tax regime, making it a favoured tool for salaried individuals aiming to build a tax-efficient retirement corpus.

However, with the introduction of the new tax regime under Section 115BAC of the Income Tax Act, many of these benefits have been either limited or removed altogether.

Let’s take a look at how the employee contribution to EPF is treated under the new tax regime in FY26.

EPF Under the New vs Old Tax Regime: A Quick Overview

Feature Old Tax Regime New Tax Regime
Deduction on Employee Contribution Available under Section 80C (up to ₹1.5 lakh) Not available
Interest on Contributions Tax-free up to ₹2.5 lakh/year Taxable beyond ₹2.5 lakh/year
Employer Contribution Tax-exempt up to 12% of salary Tax-exempt up to 12% of salary
Combined Employer Contributions (EPF + NPS + Superannuation) Taxable beyond ₹7.5 lakh/year Same rule applies

Employee Contributions: No Tax Deduction Under the New Regime

Under the new tax regime, employees cannot claim a deduction under Section 80C for their contributions to the EPF. This is a significant shift from the old regime, where this was one of the main ways salaried employees reduced their taxable income.

  • If you contribute ₹1.5 lakh or more annually to EPF, it no longer helps reduce your tax liability under the new regime.
  • This means you pay income tax on your full salary (after standard deductions), regardless of how much you contribute toward your provident fund.

Interest Earned on EPF: Limits Apply

As per the 2021 amendment:

  • If your own contribution to EPF in a financial year exceeds ₹2.5 lakh, the interest earned on the excess amount is taxable.
  • This rule is applicable in both the old and new tax regimes.
  • The interest on excess contribution is treated as “Income from Other Sources” and taxed as per your slab rate.

Should You Choose the New Tax Regime?

The new tax regime offers lower tax rates but removes most exemptions and deductions, including those under Section 80C. Here’s what you should consider before switching:

You might prefer the new regime if:

  • You don’t make significant tax-saving investments (e.g., EPF, ELSS, insurance).
  • You want simplified tax filing.
  • Your total exemptions/deductions are less than ₹2.5–₹3 lakh annually.

You might prefer the old regime if:

  • You contribute significantly to EPF and claim full 80C benefits.
  • You pay for insurance, tuition fees, or home loan principal.
  • You also claim HRA, home loan interest, and other deductions.

Read More: Is Provident Fund (PF) Taxable Under the New Income Tax Regime for FY26?

Conclusion

The employee contribution to EPF is not taxable per se under the new tax regime, but it also doesn’t help reduce your tax burden through deductions anymore. While the core benefit of building a retirement corpus remains, the tax-saving edge is lost unless you opt for the old tax regime.

When filing your income tax returns, it’s crucial to evaluate both regimes side by side and determine which one aligns better with your financial goals, income structure, and saving habits.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

From NIMs to NPAs: ICICI vs HDFC – Who Outperformed in Q4 FY25?

India’s two largest private sector banks, ICICI Bank and HDFC Bank, recently announced their financial results for FY25, offering a comprehensive view of their performance. While both institutions have shown consistent growth, a deeper look at key financial metrics reveals how they stack up against each other across profitability, asset quality, and market positioning.

ICICI Bank vs HDFC Bank Q4 FY25 Key Metrics

ICICI Bank’s performance in FY25 has stood out in comparison to HDFC Bank. The bank reported a net interest margin (NIM) of 4.3%, higher than HDFC Bank’s 3.5%. HDFC Bank’s NIM returned to its FY23 level of 4.1%, particularly following its merger with HDFC.

ICICI Bank has also outpaced HDFC Bank in terms of return on average assets (RoAA), with a RoAA of 2.4% compared to HDFC Bank’s 1.9%. In addition, ICICI Bank’s total assets saw a 13% growth in FY25, whereas HDFC Bank experienced an 8% increase.

ICICI Bank vs HDFC Bank Advances and Deposits

ICICI Bank’s advances (loans and securitised loans) grew by 14% in FY25, matching the growth in deposits, which is an indication of well-balanced financial management. In contrast, HDFC Bank’s advances grew at half the pace of its deposit growth, indicating a slower pace of loan disbursal.

Risk-Weighted Assets and Credit Cost Management

ICICI Bank has taken on more risk than HDFC Bank, as evidenced by a higher risk-weighted assets-to-total assets ratio (76% compared to HDFC Bank’s 68%).

Meanwhile, ICICI Bank’s credit cost (cost of bad debt) stood at 35 basis points, almost equal to HDFC Bank’s, demonstrating its ability to manage risks effectively despite the higher exposure.

NPA Trends and Asset Quality for ICICI Bank and HDFC Bank

ICICI Bank’s Gross non-performing assets (NPA) addition was lower at 1.6% in Q4FY25, a 20 basis point improvement from the previous year. The management has stated that there is no significant stress expected on asset quality in the near future.

As of December 31, 2024, HDFC Bank’s gross non-performing assets (NPAs) stood at 1.42% of gross advances (1.19% when excluding NPAs in the agricultural sector), compared to 1.26% as of December 31, 2023 (1.11% excluding agricultural NPAs). 

The bank also reported that net non-performing assets were at 0.46% of net advances as of December

Share Price Performance 

As of April 24, 2025, HDFC Bank’s share price stands at ₹1,921.20, showing a slight decrease of ₹2.70 or 0.14% from the previous close of ₹1,923.90. The stock reached a high of ₹1,923.90 and a low of ₹1,905.10 during the trading session.

On the other hand, ICICI Bank’s share price is at ₹1,407.70, down ₹16.70 or 1.17% from its previous close of ₹1,424.40. The stock experienced a high of ₹1,421.20 and a low of ₹1,406.10 during the day’s trading activity.

Read More: TCS vs Infosys vs Wipro: Which IT Giant Delivered Highest Profits in Q4FY25?

Conclusion

In summary, ICICI Bank has demonstrated stronger overall performance in FY25 compared to HDFC Bank, particularly in areas like net interest margin, return on average assets, and balanced growth in advances and deposits. 

While ICICI has taken on slightly more risk, it has managed its credit costs effectively, maintaining healthy asset quality. HDFC Bank, on the other hand, continues to stabilise post-merger, with steady but relatively slower growth in key financial metrics.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bombay High Court Offers GST Relief in Redevelopment Projects: What It Means for Homeowners

In a landmark ruling that could reshape tax liabilities in real estate redevelopment, the Bombay High Court has delivered a major relief to landowners/homeowners engaging in joint development agreements (JDAs) with builders.  

The court ruled that no Goods and Services Tax (GST) is applicable when homeowners do not transfer development rights (TDR/FSI) to the builder. This judgment sets a precedent that could benefit many ongoing and upcoming redevelopment projects across the state. 

Background: The Case at a Glance 

The matter involved a homeowner who entered into an agreement with a builder to construct a multi-storied residential building on their land. As part of the deal, the homeowner provided ₹7 crore and two apartments to the builder as consideration for the construction work, but crucially, did not transfer any development rights to the builder. 

GST authorities later issued a notice, arguing that GST was payable on a reverse charge basis under Entry 5B of a 2017 central tax notification, which mandates tax on the transfer of development rights or FSI for construction projects. However, the court noted that since no development rights were actually transferred, the transaction was merely for construction services, not a taxable supply of TDR/FSI. 

What the Court Said 

The court emphasised the need to differentiate between standalone transfers of development rights and collaborative development under JDAs where no explicit TDR/FSI transfer occurs. Since the homeowner didn’t “sell” the development rights, there was no taxable event under GST. 

Accordingly, the High Court struck down the GST demand issued to the builder, clarifying that entry 5B does not apply in such cases. 

Implications of the Ruling 

1. For Homeowners 

  • If you are redeveloping your property without selling TDR or FSI, you may not be liable to pay GST on the construction portion. 
  • The case establishes a distinction between compensation-based TDR transfers and service-based construction agreements. 

2. For Builders 

  • Builders in similar redevelopment deals may no longer need to pay GST under reverse charge, if no TDR is transferred. 
  • However, careful scrutiny of contract terms is essential, as each JDA is unique. 

Not a Blanket Exemption 

Experts warn that the ruling is case-specific and may not apply universally. If a development agreement includes TDR/FSI — particularly those issued by regulatory authorities under Maharashtra’s Unified Development Control and Promotion Regulations (UDCPR) — GST may still apply. 

Additionally, legal clarity from the CBIC or the Supreme Court is still awaited, especially given the pending litigations in other states like Telangana. 

Read More: Paying Rent to Family? Here’s How to Stay Out of the Income Tax Department’s Radar in FY 2025-26. 

Conclusion 

The Bombay High Court’s decision offers a ray of hope for homeowners looking to redevelop their properties without the added GST burden. However, it’s vital to structure agreements carefully and consult tax experts before assuming GST exemption. The judgment is a positive step, but the broader GST applicability on development rights remains an evolving legal battleground. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Adani Group Taps Global Lenders as Airport Arm Looks to Raise $750 Million

Adani Group’s airport division is reportedly in advanced talks with international lenders to secure an offshore loan of up to $750 million, according to individuals familiar with the matter, as per Economic Times report.

The funding is expected to support the unit’s capital expenditure plans and refinance an existing dollar-denominated debt maturing in September.

A Strategic Move Amid Growing Confidence

As per the report, sources indicate that the lenders involved in the discussions include major global institutions such as Barclays Plc, First Abu Dhabi Bank PJSC, and Standard Chartered Bank Plc. While terms of the deal are still under negotiation, the proposed loan is likely to carry a tenor of under five years, aligning with the group’s medium-term financing strategies.

If finalised, this loan would represent Adani’s second significant offshore funding initiative within a month, signalling a growing comfort among international lenders with the conglomerate’s financial trajectory.

Capital for Growth and Stability

The proceeds from the loan are earmarked for two primary purposes: expansion and debt management. On the one hand, the funds will help finance capital expenditure projects, including the imminent launch of a new $2 billion international airport near Mumbai an ambitious undertaking expected to transform regional air connectivity and traffic.

On the other hand, the group plans to use a portion of the funds to refinance maturing dollar debt, thereby enhancing its liquidity position and avoiding near-term repayment stress.

Read More: Do Adani Stocks Not Give Dividends? Check Out Adani Group’s Dividend History.

A Track Record of Raising Capital

This development comes on the heels of another successful offshore fundraising effort by Adani. Earlier in April, the group secured another $750 million via private placement bonds, a third of which was reportedly subscribed by BlackRock Inc.

That deal was aimed at financing the acquisition of a construction firm, further showcasing Adani’s aggressive yet calculated expansion strategy.

In a related move, March also saw state-owned Power Finance Corporation Ltd. refinance a $1 billion construction-linked loan for Adani Green, another arm of the conglomerate.

What This Means for Adani and Investors

While the loan talks are yet to be finalised, the interest from high-profile lenders suggests that Adani’s fundamentals continue to attract confidence from the international financial community. This is notable given the reputational challenges stemming from regulatory investigations abroad.

For the broader investor ecosystem, such activity could be a signal of Adani’s continued focus on infrastructure expansion and debt management, reinforcing its long-term vision in the aviation and energy sectors.

Read More: Why Are Adani Group Companies in Huge Debt?

Conclusion

Adani Group’s move to raise $750 million through offshore lending highlights its ongoing efforts to strategically manage debt and invest in large-scale infrastructure projects.

The interest shown by prominent global lenders reflects a growing trust in the group’s financial discipline and long-term vision. As Adani continues to pursue capital-intensive ventures, such developments underscore its commitment to maintaining momentum in key growth sectors like aviation.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Syngene Shares Hit 10% Lower Circuit as Q4 FY25 Net Profit Falls 3% YoY

Syngene International Ltd experienced a sharp decline on April 24, 2025, falling 9.73% to ₹677.10 at 9:17 AM on the BSE from the previous close of ₹750.05. The stock opened lower at ₹690.65 and touched an intraday low of ₹673.50, nearing its lower circuit limit of ₹675.05.

Q4 FY25 Result Snapshot

In the fourth quarter of FY25, Syngene International reported a 3% year on year decline in net profit, registering ₹183 crore versus ₹189 crore in the same period last year. Despite the dip in profitability, total income increased to ₹1,037 crore from ₹933 crore, reflecting a stable top-line growth.

For the full fiscal year, net profit stood at ₹496 crore, marginally down from ₹510 crore in FY24, while annual revenue reached ₹3,714 crore compared to ₹3,579 crore previously. This suggests a resilient financial performance amid broader economic and sectoral pressures.

Syngene’s board has proposed a final dividend of ₹1.25 per share for FY25, signaling continued confidence in the company’s financial stability and long-term outlook.

CEO Commentary- Resilience Amid Headwinds

Peter Bains, Syngene’s Managing Director and CEO, described the year’s performance as resilient, particularly in light of the downturn in US biotech funding that affected the first half.

He noted that the company returned to growth in the second half and anticipates early teens revenue growth in FY26, supported by a robust pipeline across discovery, development, and manufacturing services.

Inventory Balancing Weighs on Reported Numbers

Management pointed to inventory balancing in large molecule commercial manufacturing at the client level as a temporary drag on reported revenue. Adjusted for this, growth is expected to be stronger in the upcoming fiscal year.

About Syngene International

Syngene International Ltd is an innovation-driven contract research, development, and manufacturing organisation that provides integrated scientific services across the entire product lifecycle, from early discovery to commercial supply.

With a focus on customised, end-to-end solutions, Syngene collaborates closely with clients to offer R&D and manufacturing services that go beyond traditional outsourcing.

The company serves a wide range of industries, including pharmaceuticals, biotechnology, and life sciences, and is known for its cutting-edge capabilities in biologics, small molecules, and complex biologics manufacturing.

Read More: Tata Consumer Shares Fell Over 2%: Revenue Grew 17% in Q4FY25.

Conclusion

In conclusion, Syngene International Ltd’s performance in Q4 FY25 reflected a slight dip in profitability despite a solid rise in total income. The decline in net profit by 3% year-on-year, paired with the stable revenue growth, highlights the company’s ability to manage challenges in the market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

BPCL Shares in Focus; Launches Joint Venture to Build Compressed Biogas Plants Across India

Bharat Petroleum Corporation Limited (BPCL) shares were trading at ₹304.20, reflecting a gain of 1.25% or ₹3.75 at 9:55 AM on the NSE, from the previous close of ₹300.45. The stock opened at ₹302.95 and touched an intraday high of ₹305.50, with a low of ₹300.80 so far.

BPCL Joint Venture Details

In a strategic move to boost India’s renewable energy ecosystem, state-run energy giant BPCL has formalized a joint venture with biofuel innovator GPS Renewables to establish 8 to 10 compressed biogas (CBG) plants across key agricultural states including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. The announcement was made on Wednesday via a press release.

This formal JV builds on an earlier collaboration announced in September 2024, and aims to harness organic biomass waste—such as agricultural residue—to produce clean and renewable CBG using advanced waste-to-energy technologies.

Tackling Waste, Reducing Emissions, and Boosting Rural Income

The project is designed to address multiple environmental and economic issues:

  • Curb stubble burning and manage agricultural waste
  • Reduce greenhouse gas emissions
  • Enhance rural incomes through structured procurement of agri-residues

BPCL emphasised that locating the plants in regions aligned with its city gas distribution networks will optimise logistics and increase efficiency.

Supporting National Clean Energy Schemes

The venture aligns with several government initiatives:

  • SATAT (Sustainable Alternative Towards Affordable Transportation)
  • GOBARdhan (Galvanising Organic Bio-Agro Resources Dhan)
  • CBG Blending Obligation (CBO)

According to BPCL, “The partnership signifies a strong public-private collaboration to develop innovative and scalable clean energy solutions to support India’s low-carbon transition.”

About the Partners

BPCL is India’s second-largest oil marketing company, operating refineries in Mumbai, Kochi, and Bina with a capacity of 35.3 MMTPA. With over 23,500 fuel stations, the company has set a goal of achieving Net Zero (Scope 1 and 2) by 2040.

GPS Renewables has implemented 100+ biogas projects in India and recently expanded its capabilities by acquiring Germany-based Proweps Envirotech GmbH. Its flagship achievement includes Asia’s largest renewable natural gas plant in Indore, based on municipal solid waste.

Read More: HPCL, BPCL, IOCL and ONGC Shares in Focus: Govt Hiked Excise Duty by ₹2 Per Litre.

Conclusion

As India accelerates its clean energy mission, the BPCL-GPS Renewables JV is poised to play a pivotal role in transforming agri-waste into clean energy, while contributing to environmental sustainability and rural development.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Here’s What Happens to Your NPS When You Renounce Indian Citizenship

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new rules for National Pension System (NPS) subscribers who renounce Indian citizenship without obtaining an Overseas Citizen of India (OCI) card. These individuals are now required to close their NPS accounts and transfer funds to an NRO account.

PFRDA Issues New Guidelines for NPS Account Closure

In a circular dated April 21, 2025, the PFRDA announced fresh directives for handling NPS accounts of individuals who renounce Indian citizenship. According to the circular, if such a subscriber does not hold an OCI card, they must immediately notify the NPS Trust and initiate account closure.

Key Points of the New Rule

1. Who’s Affected?

NPS subscribers who have formally renounced their Indian citizenship and do not possess an OCI card.

2. What Needs to Be Done?

These individuals are required to notify the NPS Trust of their change in citizenship status. Submit valid documentation proving the renunciation.

3. What Happens to the NPS Account?

The Permanent Retirement Account Number (PRAN) linked to the NPS account will be closed.The entire accumulated pension wealth will be transferred to the subscriber’s NRO (Non-Resident Ordinary) bank account, in compliance with FEMA (Foreign Exchange Management Act) norms.

Documents Required for NPS Account Closure

To close the NPS account, the subscriber must submit:

  • A signed undertaking declaring they’ve renounced Indian citizenship and don’t have an OCI card.
  • A valid proof of renunciation, such as:
  • Surrender certificate
  • Certificate of renunciation
  • Cancelled Indian passport (from an authorised authority)

Once verified, the NPS Trust, along with Central Recordkeeping Agencies (CRAs), will process the closure and transfer the funds accordingly.

Why This Matters?

India does not permit dual citizenship. As a result, any Indian who acquires foreign citizenship is required to legally renounce their Indian citizenship. These changes from PFRDA ensure regulatory alignment with this legal stance and safeguard the pension system from any jurisdictional or compliance issues.

Who Can Open an NPS Account?

  • Any Indian citizen aged 18–70 years can open an NPS account voluntarily.
  • Non-Resident Indians (NRIs) and OCI holders are also eligible, but must adhere to PFRDA’s evolving guidelines.

Read More: NPS vs Mutual Funds in 2025: Which One’s Giving Better Returns?

Conclusion

If you or someone you know is planning to give up Indian citizenship, especially without applying for an OCI card, it’s crucial to stay updated on these new PFRDA rules. Failing to inform the NPS Trust could lead to regulatory and financial complications.

The updated closure process ensures transparency and proper repatriation of funds while maintaining compliance with both Indian and global financial regulations.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.